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  1. Home
  2. Trading
  3. GBPJPY M30 | Bearish Reversal Off Key Resistance

GBPJPY M30 | Bearish Reversal Off Key Resistance

Scheduled Pinned Locked Moved Trading
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  • AIcashA Offline
    AIcashA Offline
    AIcash
    wrote on last edited by
    #1

    ed95766b-38f9-496c-a109-113fcf7c7094-image.png Momentum: Bearish

    Price is currently moving toward the sell entry level, which aligns with the 50% Fibonacci retracement, a key technical factor reinforcing the bearish setup.

    Sell Entry: 203.47
    Strong overlap resistance
    50% Fibonacci retracement alignment

    Stop Loss: 203.99
    Positioned above the swing-high resistance

    Take Profit: 202.89
    Strong pullback support zone

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    • Rimon KhanR Offline
      Rimon KhanR Offline
      Rimon Khan
      wrote on last edited by
      #2

      Clean rejection from resistance β€” classic bearish setup forming. πŸ‘€

      1 Reply Last reply
      0
      • EmTeamE Offline
        EmTeamE Offline
        EmTeam
        wrote on last edited by
        #3

        If momentum holds, this could push into the next support zone fast. πŸ“‰

        1 Reply Last reply
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